Bulls continued to increase the price of Bitcoin and the pair once again updated the annual maximum, coming close to $1,900.00.
BTC / USD
Yesterday morning, the bulls continued to rise, butthe resistance of 18500.00 USD was overcome only in the second half of the day. The growth was supported by large volumes and by the end of the day the BTC / USD pair managed to renew its annual maximum.
Shopping volumes fell overnight, but shoppers were able to continue to growand in the morning set a new annual high at 18977.00 USD.Bitcoin's capitalization was $344 billion, exceeding the historical maximum by $16 billion.
At the moment, the bitcoin price has rolled back to the area of the level of 18500.00 USD.We believe that today it can fulfill the role of support.In this case, at the weekend we can expect continued growth and a breakthrough to the historical high of 19666.00 USD.
The assumption of a ceiling break of $20,000.00 in 2020 is gradually gainingmore realistic outlines, but enough forces for the bulls in the near future to update the historical maximum on a heavily overheated market - the question is still open.
ETH / USD
The morning increase in the Ethereum price yesterday was suspended at the psychological mark of 500.00 USD.However, the bulls managed to continue to grow until the end of the day the price of ether updated the annual maximum in the area of 515.00 USD.
Late at night, the volume of purchases decreased and a couplerolled back from the high zone, but sellers failed to get the price back below 500.00 USD. This morning, buyers, at rather modest volumes, were able to continue their growth and shift the annual maximum to the area of 519.00 USD.
If the rising green trendline can support the price, then on the weekend the growth will continue to the area of 540.00 USD.
If bears push through the psychological level of 500.00 USD, then the price will roll back to the support area of 490.00 USD.
XRP / USD
Yesterday, the volume of purchases significantly exceededthe average level and the price of Ripple has broken through the resistance of 0.310 USD. The growth continued to the area of the annual maximum, but so far the pair has not been able to renew the maximum set on February 15, 2020 at the point of 0.347 USD.
If the explosive growth continues, the pair may test the level of 0.350 USD. In case of a rollback, we believe that the zone of August highs in the area of 0.330 USD may act as support.
* All price values are based on data from the BitStamp exchange
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